Nigeria President Buhari wrote to the National Assembly asking for emergency powers to push a stimulus package to help improve Nigeria’s economy.
Buhari‘s administration, Nigeria economy toke a bash with government earnings reduced as a result of falling oil prices and the activities of militants. Inflation has also risen to a whopping 16.5% as the minister of finance has grudgingly admitted that Nigeria is in a recession. The Naira has fallen against most of the world’s currencies as successive government policies have failed to restore investor confidence.
The Executive bill sent by Buhari to the National Assembly titled; “Emergency Economic Stabilization Bill 2016” is to be presented to the National Assembly when the Senate and the House of Representatives resume from vacation on September 12.
The President is asking to be given wide-ranging powers to set aside some extant laws and use executive orders to roll out an economic recovery package within the next one year.
Some Nigerians believe that what Nigeria needs is not emergency powers but a better system while some others think that it will make President Buhari more dictatorial.
However Nigerians reactions were that THE NATIONAL ASSEMBLY MUST BE VERY CAREFUL! The essence of true Democracy is the Separation of POWERS! The INTENT is to prevent the CONCENTRATION OF POWER and provide for checks and balances by the Legislative, Executive, and the Judiciary.
The present head of State was once a military dictator. He is asking for more powers for some specified reasons, but a careful analysis of the reasons, must result in a negative response to his request, in order to avoid regret, on account of his past reputation! How can a man who does not respect court orders be trusted?
Buhari Emergency Economic Stabilization Bill For Nigeria Nigeria President Buhari wrote to the National Assembly asking for emergency powers to push a sti…Aug 23 2016nigerianews.info